-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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‘Junk Science’ used by Pritzker and Democrats to push the CEJA. Ameren warned about the near term consequences. Shutting down older but perfectly fine coal fired plants (that provided excellent jobs) was idiotic, and driven by the Leftist Democrats climate change ideology and not science. Mr Kelly is completely correct. Now Democrats want to go after the NG supply – let’s see how stupid IL is again. If you’re upset about your electric bill, thank a Democrat.